Ethical and Moral Issues in Business
Jonathan Falcon
MGT216
02/08/2012
Alfredia Martin
Ethical and Moral Issues in Business
This paper will address the ethical and moral issues in the business world. We will examine differences between personal ethics and business ethics. The preceding matters are all relevant to one another. The author will also provide some examples of common ethical problems that are faced in the business world.
In order to distinguish the major differences between ethical and moral issues, we have to understand the differences. The following quote comes from an article named “Ethics and Morality in Business” by Thomas R. Schori, Ph.D., and Michael L. Garee: Most of us instinctively believe, by virtue of our religious beliefs, our moral upbringing, or even our own internal moral "compass," that ultimately evil will be punished, either in the here and now or certainly in the great beyond.” Schori and Garee describe the battle between humanity and morality in that statement. The idea that people have the ability to understand right and wrong is expressed in that statement. Personal character will differ from person to person. However, there is still the balance between right and wrong that we all identify in our own ways. Society also plays a role in the topic of morality and ethics. Our personal beliefs are related to our own morals. The way society, business, and other types of institutions view issues come in to play with ethics.
In order to examine the difference between business ethics and personal ethics, one must understand each category. It is possible for someone to make different decisions when faced with similar situations in their professional lives and their personal lives. The reason being, that people may be held to a different code of ethics by their
